Looking to diversify beyond JPIE? The ETFs below have the lowest correlation with JPIE — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from JPIE.
Best Diversifiers for JPIE
390 ETFs have low correlation with JPIE (below 0.3), 83 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.52, down from -0.41 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.52 | -0.41 | — | 51 | Currency | JPIE vs UUP | |
| ProShares UltraShort Yen | -0.48 | -0.36 | — | 72 | Leveraged Currency | JPIE vs YCS | |
| Invesco DB Energy Fund | -0.37 | -0.15 | — | 53 | Oil & Gas | JPIE vs DBE | |
| United States Gasoline Fund LP | -0.35 | -0.12 | — | 78 | Oil & Gas | JPIE vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.32 | -0.09 | -0.01 | 51 | Commodities | JPIE vs GSG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JPIE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JPIE and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.27, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.27 | -0.04 | 0.03 | 66 | Energy | |
| Energy Transfer LP | -0.24 | 0.05 | — | 84 | Energy | |
| Exxon Mobil Corporation | -0.24 | -0.01 | 0.04 | 75 | Energy | |
| Chevron Corporation | -0.20 | -0.01 | — | 70 | Energy | |
| Devon Energy Corporation | -0.19 | -0.00 | 0.06 | 72 | Energy |
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